Henry Schein (Nasdaq:HSIC) introduced right this moment that its eAssist Dental Options subsidiary acquired a majority curiosity in Unitas PPO Options.

Privately-held Unitas works with dental practices to evaluate their industrial insurance coverage participation. It units aggressive fee-for-service charges and negotiates contracted reimbursement with industrial insurers.

Melville, New York-based Henry Schein mentioned in a information launch that the businesses shaped a strategic relationship in 2014. Their long-standing relationship led to the addition of Unitas.

Henry Schein mentioned the mixture presents a “number of service plans tailor-made to the particular wants of a dental follow.”

“The addition of Unitas will assist dental follow groups enhance their essential insurance coverage and billing features and permit extra centered consideration on delivering high-quality affected person care,” mentioned Stanley M. Bergman, chair of the board and CEO of Henry Schein. “Combining Unitas with our present eAssist enterprise is a superb strategic match inside our portfolio of companies for dental practices, and makes Henry Schein the one-stop-shop for all dental insurance coverage reimbursement, income cycle, and dental billing service wants. We welcome our new colleagues from Unitas to Workforce Schein.”

About Unitas

Mesa, Arizona-based Unitas introduced in gross sales of roughly $5 million in 2021. Henry Schein expects the transaction to be impartial to its 2022 diluted earnings per share and accretive thereafter. The corporate declined to reveal monetary phrases of the transaction.

Mike Adler based Unitas in 2010 with an goal of serving to dental practices negotiate PPO charges and optimize PPO participation. Henry Schein mentioned it intends for Adler to proceed managing the Unitas enterprise as CEO. The present Unitas administration staff stays on board, too.

The corporate presents experience in analyzing claims and price knowledge. Henry Schein expects this to enhance its price evaluation companies.

“Dental practices should guarantee they’re being paid acceptable charges for the companies they carry out to mitigate rising prices,” mentioned Alder. “Unitas brings a number of benefits to our clients, together with our established relationships with payer-provider relations and contracting groups. We sit up for persevering with our speedy development as we develop our attain via the trade management of Henry Schein and eAssist.”

About Henry Schein subsidiary eAssist

Henry Schein acquired a majority curiosity in eAssist in June 2021. eAssist offers a platform of outsourced income cycle companies to the dental trade.

The corporate mentioned including Unitas enhances the income cycle providing. It enhances the gathering processes of the eAssist platform, Henry Schein mentioned. This enables dental practices to simplify operations and cut back stress-related to money movement.

Unitas and eAssist collectively convey “new alternatives to assist clients” ship outcomes and allow a greater affected person expertise.

“By addressing the necessary subject of reimbursement, every group will proceed to deal with what they do finest,” mentioned Dr. James Anderson, CEO of eAssist Dental Options. “Unitas will additional our collective missions to supply best-of-breed services to assist dental practices function extra effectively and profitably whereas liberating up sources to permit the dental workplace staff to deal with affected person care and scientific outcomes.”